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Archive for Tuesday, January 10, 2006

Westlake to grow

January 10, 2006

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Westlake Hardware Inc., the Lenexa-based owner of 80 Ace hardware stores in Kansas and six other Midwestern states, is preparing to boost its growth plans now that it has secured additional financing.

Goldner Hawn Johnson & Morrison, a private equity firm based in Minneapolis, announced Monday that it had "completed a significant equity investment alongside company management" in Westlake. Details were not disclosed.

Howard Elsberry, Westlake president and CEO, said the investment would allow the company to accelerate its growth plans.

Westlake has two stores in Lawrence.

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